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QUESTION 34 Summer Designs has the following account balances: Accounts receivable $4,100 Cash $3,500 Equipment $30,200 Merchandise inventory $2,200 Accounts payable $5,700 Short term debt

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QUESTION 34 Summer Designs has the following account balances: Accounts receivable $4,100 Cash $3,500 Equipment $30,200 Merchandise inventory $2,200 Accounts payable $5,700 Short term debt $1,300 Common stock $10,000 Retained earnings $23,000 Calculate Summer Designs': Working capital Current ratio Acid-test ratio Please show all of your computations

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